Hertfordshire IQ is leading the development of 3 million sq. ft. of new commercial space to create a place where innovation thrives.
The Enterprise Zone is being developed by a partnership team led by Hertfordshire LEP, together with Hertfordshire County Council, St Albans City and District Council and Dacorum Borough Council. Hertfordshire IQ also harnesses the world-class industry and research expertise of partners Rothamsted Research, Building Research Environment (BRE), University of Hertfordshire and partnership organisation The Green Triangle.
Hertfordshire IQ aims to attract green technology businesses and investment to the area by leveraging its strategic location just 30 minutes from London; excellent national and international transport links; and access to industry expertise through established business networks.
The multi-site zone covers Maylands Business Park, Hemel Hempstead, and land in Dacorum Borough, west of Green Lane. Other sites include underused land and buildings at the building science centre (BRE) and Rothamsted Research.
Hertfordshire IQ also addresses potential economic development land near Maylands, identified in the St Albans consultation draft Strategic Local Plan, but still subject to the Local Plan process.
In line with our Strategic Economic Plan, Hertfordshire IQ aims to:
Harness our relationship with London and elsewhere: It benefits from direct access to the M1, with easy links to London, the wider South East and the Midlands and provides a gateway to the UK economy.
Maintain global excellence in science and technology: Hertfordshire IQ sits at the heart of the Golden Research Triangle (Cambridge-London-Oxford) so attracts inward investment and supports businesses seeking expansion space from restrained sites within Greater London. It will harness the expertise of partnership organisation, The Green Triangle (BRE, Rothamsted Research and the University of Hertfordshire) to establish Hertfordshire as a globally renowned centre of excellence in green technology.
Provide the foundations for growth: It will strengthen existing links with key sector employers and the Green Triangle Partners will be catalysts for the formation of new enviro-tech firms/business start-ups.
Preparatory work started in April 2016, with the first sites becoming available in 2017. It is expected to deliver over 8,000 new jobs with space for 800 new businesses.
Hertfordshire IQ offers a wide range of benefits, including:
Business rate relief: Hertfordshire IQ offers a business rates discount to new businesses, up to 100% depending on the size of business.
Simplified planning process: Any development proposal within the Hertfordshire IQ will benefit from a quicker and simpler planning process.
Superfast broadband: Government support to ensure that superfast broadband is rolled out throughout the zone, and, if necessary, public funding.
A ‘one stop shop’ approach: Whether you’re a business, landowner or developer, you have access to the skills and services of the Enterprise Zone team.Learn more about Hertfordshire IQ